CSRA (CSRA) Lifted to B- at TheStreet

CSRA (NYSE:CSRA) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Monday.

Other research analysts have also recently issued research reports about the company. Cowen reaffirmed a “hold” rating and issued a $35.00 price target on shares of CSRA in a report on Monday, September 18th. SunTrust Banks raised CSRA from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $39.00 in a report on Friday, September 15th. Zacks Investment Research raised CSRA from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, August 16th. ValuEngine cut CSRA from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of CSRA in a report on Sunday, August 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. CSRA has an average rating of “Hold” and an average price target of $36.50.

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CSRA (NYSE CSRA) traded down $0.04 during midday trading on Monday, hitting $28.94. The company’s stock had a trading volume of 992,422 shares, compared to its average volume of 1,053,541. The company has a market capitalization of $4,740.00 and a PE ratio of 15.31. CSRA has a 52 week low of $27.38 and a 52 week high of $33.67. The company has a debt-to-equity ratio of 5.68, a current ratio of 1.05 and a quick ratio of 1.05.

CSRA (NYSE:CSRA) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. CSRA had a net margin of 6.35% and a return on equity of 79.44%. CSRA’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. sell-side analysts predict that CSRA will post 1.95 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in CSRA by 52.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,698 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,269 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in CSRA during the 2nd quarter valued at $120,000. GLG Partners LP acquired a new stake in CSRA during the 2nd quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CSRA by 11.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,781 shares of the technology company’s stock valued at $184,000 after purchasing an additional 607 shares during the period. Finally, Neuberger Berman Group LLC purchased a new position in shares of CSRA during the 3rd quarter valued at $211,000. 94.74% of the stock is currently owned by institutional investors.

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About CSRA

CSRA Inc is a provider of information technology services to the United States federal government. The Company operates through two segments: Defense and Intelligence, and Civil. The Defense and Intelligence segment provides services to the Department of Defense (DoD), National Security Agency, branches of the Armed Forces, and other DoD and Intelligence agencies.